Stocks Sag as Fed Cures Coronavirus by Cutting Rates ½ Percentage Point by Wolf Richter • Mar 3, 2020 • 226 Comments Disappointed the Fed didn’t print antibodies?
“Nothing Goes to Heck in a Straight Line,” Not Even Stocks Today by Wolf Richter • Feb 28, 2020 • 225 Comments Wow, what a day, what a week, what a 15-minute spike at the end!
Median CPI Runs Hot, Fed Averts Eyes by Wolf Richter • Feb 13, 2020 • 86 Comments Despite the Fed’s proclamations, the dollar lost purchasing power at a good clip.
End of QE-4: Fed’s Repos Drop Below Oct 2 Level, T-Bills Balloon, MBS Fall, Total Assets Down to Dec 25 Level by Wolf Richter • Feb 7, 2020 • 112 Comments Repo-blowout solved, the Fed is stepping back as lender-of-first-resort.
Fed’s Repos Drop to Oct Level, T-Bills Surge, But MBS Fall, and Total Assets Decline Further by Wolf Richter • Jan 23, 2020 • 83 Comments Those counting on the Fed’s endless “Not-QE” or whatever to inflate the market might be disappointed.
Fed Pays $35 Billion to Banks, $6 Billion to Reverse-Repo Counterparties in Interest for 2019, Remits $55 billion to US Treasury by Wolf Richter • Jan 12, 2020 • 112 Comments Then there are the dividends it pays its member banks.
The Wall Street Journal (and Other Media) Should Stop Lying About Repos by Wolf Richter • Jan 10, 2020 • 206 Comments My patience has been exhausted.
Fed Drains $45 Billion from Repo Market, back to Oct Level. T-Bill Purchases Continue. Assets Shrink by Most Since QT by Wolf Richter • Jan 9, 2020 • 78 Comments The week after the year-end Repo Chaos didn’t happen.
What the Fed Did to Calm Year-End Hissy-Fit of its Crybaby Cronies on Wall Street by Wolf Richter • Jan 2, 2020 • 105 Comments But on Jan 1, it removed $64 billion in liquidity via gigantic “Reverse Repo.” And it continues to shed MBS.
Here’s What Gets Me about the Fed’s Warnings of “Excesses and Imbalances that Are Hard to Deal with Later” by Wolf Richter • Dec 17, 2019 • 175 Comments We got another one today, warning about all the right things. And then they do the opposite.
